d.d. Financial Report for the period January March 2016

Transcription

1 d.d. HR 5200 PULA, Flaciusova, HRVATSKA, p.p. 4 uljanik@uljanik.hr, web: Tel.: +385 (0) (0) (0) Fax.: +385 (0) Financial Report for the January March 206 Pula, April 206

2 General data ULJANIK d.d. is a joint stock company with its headquarters in Pula, at the address Flaciusova. According to the Notice on Classification of Business Subjects as per national classification of activities by the State Institute for Statistics, Zagreb, the Company has the numerical class mark 700 management activities, business subject identification number is , and Company's identification number (OIB) ULJANIK Group consists of the company ULJANIK d.d. (parent company) and its subsidiaries: - ULJANIK Brodogradilište d.d. (ULJANIK Shipyard JSC) - 3. MAJ BRODOGRADILIŠTE d.d. (3. MAJ Shipyard JSC) - ULJANIK Strojogradnja d.d. (ULJANIK Mechanical Engineering JSC) - ULJANIK Proizvodnja opreme d.d. (ULJANIK Equipment production JSC) - ULJANIK Poslovno informacijski sustavi d.o.o. (ULJANIK Business Information Systems Ltd.) - ULJANIK Brodograđevni projekti d.o.o. (ULJANIK Shipbuilding Projects Ltd.) - ULJANIK Financije d.o.o. (ULJANIK Finances Ltd.) - ULJANIK Standard d.o.o. (ULJANIK Standard Ltd.) - MARITIME TRANSPORT PULA THREE INC. - USCS d.o.o. All the stated companies are 00% in the ownership of ULJANIK Group, apart from the company 3. MAJ BRODOGRADILIŠTE d.d. where ULJANIK d.d. holds % of the equity capital. On 28 th January 206 registration of the increase of equity capital of the company 3. MAJ Brodogradilište d.d. has been carried out in the Central Depository Clearing Company. 00 new ordinary shares having mark 3MAJ-R-A, each of nominal value 00 kuna, were issued. The shares were included in Zagreb Stock Exchange on Ownership Structure The equity of the Company amounts to 00,687, kuna and is divided among 3,356,250 ordinary shares with the mark ULJN-R-A, each of nominal value HRK. The shareholders of ULJANIK d.d. are: Status on No. Shareholder Number of shares Percent stake in the share capital CROATIA OSIGURANJE D.D. (/) ,937 2 CERP (0/) / HZMO - HRVATSKI ZAVOD ZA MIROVINSKO OSIGURANJE (/) , HRVATSKA POŠTANSKA BANKA D.D. (0/) / KAPITALNI FOND D.D. (/) ,62 4 HRVATSKA POŠTANSKA BANKA D.D. (0/) / FOND ZA FINANCIRANJE RAZGRADNJE NEK (/) , HYPO ALPE - ADRIA - BANK D.D. (0/) / PBZ CROATIA OSIGURANJE OBVEZNI MIROVINSKI FOND (/) , HZZO - HRVATSKI ZAVOD ZA ZDRAVSTVENO OSIGURANJE (/) , SOCIETE GENERALE - SPLITSKA BANKA D.D. (0/) / ERSTE PLAVI OBVEZNI MIROVINSKI FOND (/). 3,306 8 ULJANIK D.D. (/) ,099 9 ADRIS GRUPA D.D. (/) , CERP (0/) / DRŽAVNA AGENCIJA ZA OSIGURANJE ŠTEDNIH ULOGA I SANACIJU (/) ,384 DOMAĆA FIZIČ KA OSOBA (7.54) ,209 2 STRANA OSOBA ( 3) , OSTALI DIONIČARI *** ( 40) ,3056 TOTAL ,0000

3 Own shares: In the previous Uljanik d.d. has gained 04,375 own shares which represents 3.099% of the Company s equity capital. The shares were obtained at a price of kuna per share. Business Activities For the first quarter 206 ULJANIK d.d. has achieved a positive financial result before income tax amounting to 2.7 mil kuna. The total income amounts to 52.8 mil kuna, while the overall expenditure amounts to 3. thousand kuna. Income from sales is higher and is 9.9 mil kuna more compared to the same in 205. Operating profit in the amount of 6.6 mil kuna has been achieved which is 3.5 mil kuna more than the same of the previous year. Material expenses amounted to 65.4 mil kuna and same are 50.5 mil kuna higher than the same in 205. The mother company ULJANIK d.d. has, within the framework of its ordinary business activities, started to sign Contracts for the construction of vessels and special objects which certainly had an effect on the increase of assets, liabilities, income and expenditures, when compared to the previous. Income from sales in the first quarter of 206 of ULJANIK Group amounts to mil kuna which is 2 mil kuna more when compared to the same last year. In the considered consolidated net financial income amounting to 2.3 mil kuna was achieved. Overall financial expenditure amounted to 90.4 mil kuna while overall financial income amounted to 92.7 mil kuna. The number of employees in the mother company on 3 th March 206 was 477 employees while the number of employees in ULJANIK Group was 4,04 employees. Selected Financial Data ULJANIK d.d. ULJANIK Group u 000 HRK I-XII/205 I-III/206 I-XII/205 I-III/206 Income from sales Profit after tax (loss) s (7.84) (4.397) u 000 HRK Liquid assets and short term financial assets Total assets Principal amount On 4 th March 206 the company ULJANIK d.d. signed Contracts for the construction of two vessels for the Buyer CLdN roro S.A. (Cobelfret) from Luxembourg. The contracted vessels are Ro+Ro vessels with a capacity of 5,500 Lm for the transportation of trucks, cars and containers on trailers. The Delivery term is in the course of 208. Risk Management The Company and Group are subject to risk primarily due to changes in exchange rate, credit risk, cash flow risk as well as interest rate risk. Currency exchange rate risk is the risk represented by the fact that the financial instruments value would change amid changes of the exchange rate. The Company and the Group is significantly exposed to foreign exchange risk since in its business activities the Company is mainly operating in foreign countries. In order to decrease this risk, currency conformity between inflow and outflow is endeavored to be achieved.

4 Credit risk represents the risk of one party not fulfilling its obligations in the financial instrument and that by not doing so will cause a financial loss to the other side. The Company and the Group minimizes that risk by continuous monitoring of Buyer s demands, while suspicious demands are reserved and regularly appraised, and are changed if necessary. Liquidity risk, which is deemed financing risk, represents the risk that the Group will encounter difficulties in gathering funds for settling obligations related to financial instruments. The Company and the Group pays careful attention to cash flow by monitoring real daily changes. Interest risk represents the risk that the value of financial instruments will change amid changes of market interest rates. Interest risk of the Company and the Group results long-term and short-term credits and loans which have been received. Significant events after the balance date All significant events are regularly advertised through the Zagreb Stock Exchange pages, Official Register of regulated information and the Company's Internet pages. MANAGEMENT STATEMENT OF RESPONSIBILITY Nonconsolidated and consolidated Financial Reports for the company ULJANIK d.d. for the from 0 st January to 3 st March 206 are prepared in accordance with International Financial Reporting Standards (IFRS) as well as the Law on Accounting and to the best of our knowledge in all important aspects give a complete and truthful account of the assets and obligations, financial state and business activities of the Company and the Group. Signed on behalf of the Management Board: Gianni Rossanda, President of the Management Board ULJANIK d.d. Flaciusova 5200 Pula

5 FINANCIAL REPORTS FOR THE PERIOD BALANCE SHEET as of Company: ULJANIK D.D. Position Previous Current A) RECEIVABLES FOR SUBSCRIBED AND NON - PAID CAPITAL B) LONG - TERM ASSETS ( ) I. INTANGIBLE ASSETS (004 to 009). Assets development 2. Concessions, patents, licence fees, merchandise and service brands, softw are and other rights 3. Goodw ill 4. Prepayments for purchase of intangible assets 5. Intangible assets in preparation 6. Other intangible assets II. TANGIBLE ASSETS (0 to 09). Land 2. Buildings 3. Plant and equipment 4. Instuments, plant inventories and transportation assets 5. Biological assets 6. Prepayments for tangible assets 7. Tangible assets in preparation 8. Other material assets 9. Investment in buildings III. LONG-TERM FINANCIAL ASSETS (02 to 028). Shares (stocks) in related parties 2. Loans given to related parties 3. Participating interests (shares) 4. Loans to entrepreneurs in w hom the entity hold participating interests 5. Investment in securities 6. Loans, deposits and similar assets 7. Other long - term financial assets 8. Investments accounted by equity method IV. RECEIVABLES (030 to 032). Receivables from related parties 2. Receivables based on trade loans 3. Other receivables V. DEFERRED TAX ASSETS C) SHORT- TERM ASSETS ( ) I. INVENTORIES (036 to 042). Row material 2. Work in progress 3. Finished goods 4. Merchandise 5. Prepayments for inventories 6. Long - term assets held for sale 7. Biological assets II. RECEIVABLES (044 to 049). Receivables from related parties 2. Accounts receivable 3. Receivables from participating entrepreneurs 4. Receivables from employees and shareholders 5. Receivables from government and other institutions 6. Other receivables III. SHORT - TERM FINANCIAL ASSETS (05 to 057). Shares (stocks) in related parties 2. Loans given to related parties 3. Participating interests (shares) 4. Loans to entrepreneurs in w hom the entity hold participating interests 5. Investment in securities 6. Loans, deposits and similar assets 7. Other financial assets IV. CASH AT BANK AND IN CASHIER D) PREPAID EXPENSES AND ACCRUED INCOME E) TOTAL ASSETS ( ) F) OFF-BALANCE SHEET NOTES

6 LIABILITIES AND CAPITAL A) CAPITAL AND RESERVES ( ) I. SUBSCRIBED CAPITAL II. CAPITAL RESERVES III. RESERVES FROM PROFIT ( ). Reserves prescribed by law 2. Reserves for treasury stocks 3. Treasury stocks and shares (deduction) 4. Statutory reserves 5. Other reserves IV. REVALUATION RESERVES V. RETAINED EARNINGS OR ACCUMULATED LOSS ( ). Retained earnings 2. Accumulated loss VI. PROFIT / LOSS FOR THE CURRENT YEAR ( ). Profit for the current year 2. Loss for the current year VII. MINORITY INTEREST B) PROVISIONS (080 to 082). Provisions for pensions, severance pay and similar liabilities 2. Reserves for tax liabilities 3. Other reserves C) LONG TERM LIABILITIES (084 to 092). Liabilities to related parties 2. Liabilities for loans, deposits etc. 3. Liabilities to banks and other financial institutions 4. Liabilities for received prepayments 5. Accounts payable 6. Liabilities arising from debt securities 7. Liabilities to entrepreneurs in w hom the entity holds participating interests 8. Other long-term liabilities 9. Deferred tax liability D) SHORT - TERM LIABILITIES (094 to 05). Liabilities to related parties 2. Liabilities for loans, deposits etc. 3. Liabilities to banks and other financial institutions 4. Liabilities for received prepayments 5. Accounts payable 6. Liabilities arising from debt securities 7. Liabilities to enterpreneurs in w hom the entity holds participating interests 8. Liabilities to employees 9. Liabilities for taxes, contributions and similar fees 0. Liabilities to share - holders. Liabilities for long term assets held for sale 2. Other short - term liabilities E) DEFERRED SETTLEMENTS OF CHARGES AND INCOME DEFERRED TO FUTURE PERIOD F) TOTAL CAPITAL AND LIABILITIES ( ) G) OFF-BALANCE SHEET NOTES APPENDIX TO BALANCE SHEET (only for consolidated financial statements) VI. COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD. Attributed to equity holders of parent company 2. Attributed to minority interests

7 Company: ULJANIK D.D. Position PROFIT AND LOSS ACCOUNT for to Previous Current I. OPERATING REVENUES (2+3). Sales revenues 2. Other operating revenues II. OPERATNG EXPENSES ( ). Changes in the value of work in progress and finished goods 2. Material costs (7 to 9) a) Raw material and material costs b) Costs of goods sold c) Other external costs 3. Staff costs (2 to 23) a) Net salaries and w ages b) Costs for taxes and contributions from salaries c) Contributions on gross salaries 4. Depreciation 5. Other costs 6. Impairment (27+28) a) Impairment of long-term assets (excluding financial assets) b) Impairment of short-term assets (excluding financial assets) 7. Provisions 8. Other operating expenses III. FINANCIAL INCOME (32 to 36). Interest income, foreign exchange gains, divid. and similar income from related parties 2. Interest income, foreign exchange gains, divid. and similar income from non-related parties 3. Share in income from affiliated entrepreneurs and participating interests 4. Unrealized gains (income) from financial assets 5. Other financial income IV. FINANCIAL EXPENSES (38 to 4). Interest expenses, foreign exchange losses and similar expenses from related parties 2. Interest expenses, foreign exchange losses and similar expenses from non - related parties and other entities 3. Unrealized losses (expenses) on financial assets 4. Other financial expenses V. INCOME FROM INVESTMENT SHARE IN PROFIT OF ASSOCIATED ENTREPRENEURS VI. LOSS FROM INVESTMENT SHARE IN LOSS OF ASSOCIATED ENTREPRENEURS VII. EXTRAORDINARY - OTHER INCOME VIII. EXTRAORDINARY - OTHER EXPENSES IX. TOTAL INCOME ( ) X. TOTAL EXPENSES ( ) XI. PROFIT OR LOSS BEFORE TAXATION (46-47). Profit before taxation (46-47) 2. Loss before taxation (47-46) XII. PROFIT TAX XIII. PROFIT OR LOSS FOR THE PERIOD (48-5). Profit for the (49-5) 2. Loss for the (5-48) APPENDIX TO P&L (only for consolidated financial statements) XIV. PROFIT OR LOSS FOR THE PERIOD. Attributed to equity holders of parent company 2. Attributed to minority interests STATEMENT OF COMPREHENSIVE INCOME (IFRS) I. PROFIT OR LOSS FOR THE PERIOD (= 52) II. OTHER COMPREHENSIVE INCOME / LOSS BEFORE TAX(59 to 65). Exchange differences on translation of foreign operations 2. Movements in revaluation reserves of long-term tangible and intangible assets 3. Profit or loss from revaluation of financial assets available for sale 4. Gains or losses on efficient cash flow hedging 5. Gains or losses on efficient hedge of a net investment in foreign countries 6. Share in other comprehensive income / loss of associated companies 7. Actuarial gains / losses on defined benefit plans III. TAX ON OTHER COMPREHENSIVE INCOME FOR THE PERIOD IV. NET OTHER COMPREHENSIVE INCOME/ LOSS FOR THE PERIOD (58-66) V. COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD(57+67) APPENDIX to Statement of comprehensive income (only for consolidated financial statements) VI. COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD. Attributed to equity holders of parent company 2. Attributed to minority interests Cummulative Periodical Cummulative Periodical

8 Company: ULJANIK D.D. CASH FLOW FROM OPERATING ACTIVITIES. Profit before tax 2. Depreciation 3. Increase in short-term liabilities 4. Decrease in short term receivables 5. Decrease in inventories 6. Other cash flow increases I. Total increase in cash flow from operating activities (00 to 006). Decrease in short - term liabilities 2. Insrease in short - term receivables 3. Increase in inventories 4. Other cash flow decreases II. Total decrease in cash flow from operating activities (008 to 0) A) NET INCREASE OF CASH FLOW FROM OPERATING ACTIVITIES (007-02) A2) NET DECREASE OF CASH FLOW FROM OPERATING ACTIVITIES (02-007) CASH FLOW FROM INVESTING ACTIVITIES. Cash flow from sale of long - term tangible and intangible assets 2. Cash inflow s from sale of equity and debt financial instruments 3. Interest receipts 4. Dividend receipts 5. Other cash inflow s from investing activities III. Total cash inflow s from investing activities(05 to 09).Cash outflow s for purchase of long - term tangible and intangible assets 2. Cash outflow s for purchase of equity and debt financial instruments 3. Other cash outflow s from investing activities IV. Total cash outflows from investing activities (02 to 023) B) NET INCREASE OF CASH FLOW FROM INVESTING ACTIVITIES( ) B2) NET DECREASE OF CASH FLOW FROM INVESTING ACTIVITIES( ) CASH FLOW FROM FINANCING ACTIVITIES. Cash receipts from issuance of equity and debt financial instruments 2. Cash inflow s from loans, debentures, credits and other borrow ings 3. Other cash inflow s from financing activities V. Total cash inflows from financing activities (027 to 029). Cash outflow s for repayment of loans and bonds 2. Dividends paid 3. Cash outflow s for finance lease 4. Cash outflow s for purchase of ow n stocks 5. Other cash outflow s from financing activities VI. Total cash outflows from financing activities (03 do 035) C) NET INCREASE OF CASH FLOW FROM FINANCING ACTIVITIES ( ) C2) NET DECREASE OF CASH FLOW FROM FINANCING ACTIVITIES ( ) Total increases of cash flow s ( ) Total decreases of cash flow s ( ) Cash and cash equivalents at the beginning of Increase in cash and cash equivalents Decrease in cash and cash equivalents Cash and cash equivalents at the end of CASH FLOW STATEMENT - Indirect method to Naziv pozicije Previous Current

9 STATEMENT OF CHANGES IN EQUITY Company: ULJANIK D.D. from..206 to Position. Subscribed capital 2. Capital reserves 3. Reserves from profit 4. Retained earnings or accumulated loss 5. Profit / loss for the current year 6. Revaluation of long - term tangible assets 7. Revaluation of intangible assets 8. Revaluation of financial assets available for sale 9. Other revaluation 0. Total capital and reserves ( 00 to 009). Currency gains and losses arising from net investments in foreign operations 2. Current and deferred taxes (part) 3. Cash flow hedging 4. Changes in accounting policies 5. Correction of significant errors in prior s 6. Other changes in capital 7. Total increase or decrease in capital ( 0 to 06) Previous year Current year a. Attributed to equity holders of parent company 7 b. Attributed to minority interest 08 09

10 CONSOLIDATED FINANCIAL REPORTS FOR THE PERIOD CONSOLIDATED BALANCE SHEET as of Company: ULJANIK D.D. Position Previous Current A) RECEIVABLES FOR SUBSCRIBED AND NON - PAID CAPITAL B) LONG - TERM ASSETS ( ) I. INTANGIBLE ASSETS (004 to 009). Assets development 2. Concessions, patents, licence fees, merchandise and service brands, softw are and other rights 3. Goodw ill 4. Prepayments for purchase of intangible assets 5. Intangible assets in preparation 6. Other intangible assets II. TANGIBLE ASSETS (0 to 09). Land 2. Buildings 3. Plant and equipment 4. Instuments, plant inventories and transportation assets 5. Biological assets 6. Prepayments for tangible assets 7. Tangible assets in preparation 8. Other material assets 9. Investment in buildings III. LONG-TERM FINANCIAL ASSETS (02 to 028). Shares (stocks) in related parties 2. Loans given to related parties 3. Participating interests (shares) 4. Loans to entrepreneurs in w hom the entity hold participating interests 5. Investment in securities 6. Loans, deposits and similar assets 7. Other long - term financial assets 8. Investments accounted by equity method IV. RECEIVABLES (030 to 032). Receivables from related parties 2. Receivables based on trade loans 3. Other receivables V. DEFERRED TAX ASSETS C) SHORT- TERM ASSETS ( ) I. INVENTORIES (036 to 042). Row material 2. Work in progress 3. Finished goods 4. Merchandise 5. Prepayments for inventories 6. Long - term assets held for sale 7. Biological assets II. RECEIVABLES (044 to 049). Receivables from related parties 2. Accounts receivable 3. Receivables from participating entrepreneurs 4. Receivables from employees and shareholders 5. Receivables from government and other institutions 6. Other receivables III. SHORT - TERM FINANCIAL ASSETS (05 to 057). Shares (stocks) in related parties 2. Loans given to related parties 3. Participating interests (shares) 4. Loans to entrepreneurs in w hom the entity hold participating interests 5. Investment in securities 6. Loans, deposits and similar assets 7. Other financial assets IV. CASH AT BANK AND IN CASHIER D) PREPAID EXPENSES AND ACCRUED INCOME E) TOTAL ASSETS ( ) F) OFF-BALANCE SHEET NOTES

11 LIABILITIES AND CAPITAL A) CAPITAL AND RESERVES ( ) I. SUBSCRIBED CAPITAL II. CAPITAL RESERVES III. RESERVES FROM PROFIT ( ). Reserves prescribed by law 2. Reserves for treasury stocks 3. Treasury stocks and shares (deduction) 4. Statutory reserves 5. Other reserves IV. REVALUATION RESERVES V. RETAINED EARNINGS OR ACCUMULATED LOSS ( ). Retained earnings 2. Accumulated loss VI. PROFIT / LOSS FOR THE CURRENT YEAR ( ). Profit for the current year 2. Loss for the current year VII. MINORITY INTEREST B) PROVISIONS (080 to 082). Provisions for pensions, severance pay and similar liabilities 2. Reserves for tax liabilities 3. Other reserves C) LONG TERM LIABILITIES (084 to 092). Liabilities to related parties 2. Liabilities for loans, deposits etc. 3. Liabilities to banks and other financial institutions 4. Liabilities for received prepayments 5. Accounts payable 6. Liabilities arising from debt securities 7. Liabilities to entrepreneurs in w hom the entity holds participating interests 8. Other long-term liabilities 9. Deferred tax liability D) SHORT - TERM LIABILITIES (094 to 05). Liabilities to related parties 2. Liabilities for loans, deposits etc. 3. Liabilities to banks and other financial institutions 4. Liabilities for received prepayments 5. Accounts payable 6. Liabilities arising from debt securities 7. Liabilities to enterpreneurs in w hom the entity holds participating interests 8. Liabilities to employees 9. Liabilities for taxes, contributions and similar fees 0. Liabilities to share - holders. Liabilities for long term assets held for sale 2. Other short - term liabilities E) DEFERRED SETTLEMENTS OF CHARGES AND INCOME DEFERRED TO FUTURE PERIOD F) TOTAL CAPITAL AND LIABILITIES ( ) G) OFF-BALANCE SHEET NOTES APPENDIX TO BALANCE SHEET (only for consolidated financial statements) A) CAPITAL AND RESERVES. Attributed to equity holders of parent company 2. Attributed to minority interests

12 Company: ULJANIK D.D. Position CONSOLIDATED PROFIT AND LOSS ACCOUNT for to Previous Current I. OPERATING REVENUES (2+3). Sales revenues 2. Other operating revenues II. OPERATNG EXPENSES ( ). Changes in the value of work in progress and finished goods 2. Material costs (7 to 9) a) Raw material and material costs b) Costs of goods sold c) Other external costs 3. Staff costs (2 to 23) a) Net salaries and w ages b) Costs for taxes and contributions from salaries c) Contributions on gross salaries 4. Depreciation 5. Other costs 6. Impairment (27+28) a) Impairment of long-term assets (excluding financial assets) b) Impairment of short-term assets (excluding financial assets) 7. Provisions 8. Other operating expenses III. FINANCIAL INCOME (32 to 36). Interest income, foreign exchange gains, divid. and similar income from related parties 2. Interest income, foreign exchange gains, divid. and similar income from non-related parties 3. Share in income from affiliated entrepreneurs and participating interests 4. Unrealized gains (income) from financial assets 5. Other financial income IV. FINANCIAL EXPENSES (38 to 4). Interest expenses, foreign exchange losses and similar expenses from related parties 2. Interest expenses, foreign exchange losses and similar expenses from non-related parties and other entities 3. Unrealized losses (expenses) on financial assets 4. Other financial expenses V. INCOME FROM INVESTMENT SHARE IN PROFIT OF ASSOCIATED ENTREPRENEURS VI. LOSS FROM INVESTMENT SHARE IN LOSS OF ASSOCIATED ENTREPRENEURS VII. EXTRAORDINARY - OTHER INCOME VIII. EXTRAORDINARY - OTHER EXPENSES IX. TOTAL INCOME ( ) X. TOTAL EXPENSES ( ) XI. PROFIT OR LOSS BEFORE TAXATION (46-47). Profit before taxation (46-47) 2. Loss before taxation (47-46) XII. PROFIT TAX XIII. PROFIT OR LOSS FOR THE PERIOD (48-5). Profit for the (49-5) 2. Loss for the (5-48) APPENDIX TO P&L (only for consolidated financial statements) XIV. PROFIT OR LOSS FOR THE PERIOD. Attributed to equity holders of parent company 2. Attributed to minority interests STATEMENT OF COMPREHENSIVE INCOME (IFRS) I. PROFIT OR LOSS FOR THE PERIOD (= 52) II. OTHER COMPREHENSIVE INCOME / LOSS BEFORE TAX(59 to 65). Exchange differences on translation of foreign operations 2. Movements in revaluation reserves of long-term tangible and intangible assets 3. Profit or loss from revaluation of financial assets available for sale 4. Gains or losses on efficient cash flow hedging 5. Gains or losses on efficient hedge of a net investment in foreign countries 6. Share in other comprehensive income / loss of associated companies 7. Actuarial gains / losses on defined benefit plans III. TAX ON OTHER COMPREHENSIVE INCOME FOR THE PERIOD IV. NET OTHER COMPREHENSIVE INCOME/ LOSS FOR THE PERIOD (58-66) V. COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD(57+67) APPENDIX to Statement of comprehensive income (only for consolidated financial statements) VI. COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD. Attributed to equity holders of parent company 2. Attributed to minority interests Cummulative Periodical Cummulative Periodical

13 Company: ULJANIK D.D. CASH FLOW FROM OPERATING ACTIVITIES. Profit before tax 2. Depreciation 3. Increase in short-term liabilities 4. Decrease in short term receivables 5. Decrease in inventories 6. Other cash flow increases I. Total increase in cash flow from operating activities (00 to 006). Decrease in short - term liabilities 2. Insrease in short - term receivables 3. Increase in inventories 4. Other cash flow decreases II. Total decrease in cash flow from operating activities (008 to 0) A) NET INCREASE OF CASH FLOW FROM OPERATING ACTIVITIES (007-02) A2) NET DECREASE OF CASH FLOW FROM OPERATING ACTIVITIES (02-007) CASH FLOW FROM INVESTING ACTIVITIES. Cash flow from sale of long - term tangible and intangible assets 2. Cash inflow s from sale of equity and debt financial instruments 3. Interest receipts 4. Dividend receipts 5. Other cash inflow s from investing activities III. Total cash inflow s from investing activities(05 to 09).Cash outflow s for purchase of long - term tangible and intangible assets 2. Cash outflow s for purchase of equity and debt financial instruments 3. Other cash outflow s from investing activities IV. Total cash outflows from investing activities (02 to 023) B) NET INCREASE OF CASH FLOW FROM INVESTING ACTIVITIES( ) B2) NET DECREASE OF CASH FLOW FROM INVESTING ACTIVITIES( ) CASH FLOW FROM FINANCING ACTIVITIES. Cash receipts from issuance of equity and debt financial instruments 2. Cash inflow s from loans, debentures, credits and other borrow ings 3. Other cash inflow s from financing activities V. Total cash inflows from financing activities (027 to 029). Cash outflow s for repayment of loans and bonds 2. Dividends paid 3. Cash outflow s for finance lease 4. Cash outflow s for purchase of ow n stocks 5. Other cash outflow s from financing activities VI. Total cash outflows from financing activities (03 do 035) C) NET INCREASE OF CASH FLOW FROM FINANCING ACTIVITIES ( ) C2) NET DECREASE OF CASH FLOW FROM FINANCING ACTIVITIES ( ) Total increases of cash flow s ( ) Total decreases of cash flow s ( ) Cash and cash equivalents at the beginning of Increase in cash and cash equivalents Decrease in cash and cash equivalents Cash and cash equivalents at the end of CONSOLIDATED CASH FLOW STATEMENT - Indirect method to Position Previous Current

14 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY Com pany: ULJANIK D.D. from..206 to Position. Subscribed capital 2. Capital reserves 3. Reserves from profit 4. Retained earnings or accumulated loss 5. Profit / loss for the current year 6. Revaluation of long - term tangible assets 7. Revaluation of intangible assets 8. Revaluation of financial assets available for sale 9. Other revaluation 0. Total capital and reserves ( 00 to 009). Currency gains and losses arising from net investments in foreign operations 2. Current and deferred taxes (part) 3. Cash flow hedging 4. Changes in accounting policies 5. Correction of significant errors in prior s 6. Other changes in capital 7. Total increase or decrease in capital ( 0 to 06) Previous year Current year a. Attributed to equity holders of parent company 7 b. Attributed to minority interest